18047 Racine Rd Marshallville, OH 44645
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About this home
Your own backyard paradise awaits at 18047 Racine Rd in Marshallville! This inviting ranch sits on a peaceful one-acre lot and offers the best of both worlds ? relaxed country living with all the modern updates already done for you. With over 2,700 sq ft of finished space, this home features 3 bedrooms, 2 full baths, and a fully finished basement with a flexible bonus room perfect for a 4th bedroom, office, or gym. The main level offers an open and comfortable layout with a spacious living room and cozy fireplace that flows into the kitchen and dining area, perfect for family gatherings or casual entertaining. A large family/game room off the kitchen provides even more space to unwind or host movie nights. Step outside to your own outdoor retreat complete with a fully fenced yard, patio, deck, and a inground pool ready for summer fun. An oversized detached 2-car garage adds plenty of storage and convenience. Recent updates include a new roof (2023), new HVAC system (2023), new carpet throughout (2023), new water softener (2023), new hot water tank(2023), new sump pump (2024), new pool liner (2023), and new fencing(2023). If you've been searching for a spacious, updated home with a pool and room to breathe, this is it! Schedule your private showing today and make this little piece of paradise yours.
Source: MLSNOW #5163008
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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